Amicus Therapeutics Inc. (FOLD) Given “Buy” Rating at Chardan Capital
Amicus Therapeutics Inc. (NASDAQ:FOLD)‘s stock had its “buy” rating reaffirmed by analysts at Chardan Capital in a note issued to investors on Tuesday.
A number of other equities research analysts have also recently issued reports on FOLD. Leerink Swann reiterated a “buy” rating and set a $17.00 target price on shares of Amicus Therapeutics in a research report on Tuesday, November 8th. Cowen and Company reiterated an “outperform” rating and set a $15.00 target price on shares of Amicus Therapeutics in a research report on Tuesday, November 8th. Finally, Zacks Investment Research upgraded shares of Amicus Therapeutics from a “sell” rating to a “hold” rating in a research report on Tuesday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $12.19.
Shares of Amicus Therapeutics (NASDAQ:FOLD) opened at 8.32 on Tuesday. Amicus Therapeutics has a 1-year low of $4.98 and a 1-year high of $11.02. The company’s 50-day moving average is $7.82 and its 200 day moving average is $6.97. The firm’s market capitalization is $1.18 billion.
Amicus Therapeutics (NASDAQ:FOLD) last announced its earnings results on Monday, November 7th. The biopharmaceutical company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.01. The firm had revenue of $2.10 million for the quarter, compared to analyst estimates of $1.71 million. On average, analysts expect that Amicus Therapeutics will post ($1.38) EPS for the current fiscal year.
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In related news, insider Hung Do sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $7.00, for a total transaction of $175,000.00. Following the completion of the sale, the insider now owns 583,453 shares of the company’s stock, valued at $4,084,171. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William D. Baird III sold 20,500 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $8.00, for a total transaction of $164,000.00. Following the sale, the chief financial officer now directly owns 56,450 shares of the company’s stock, valued at approximately $451,600. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of FOLD. FMR LLC boosted its stake in Amicus Therapeutics by 1.6% in the second quarter. FMR LLC now owns 19,023,053 shares of the biopharmaceutical company’s stock valued at $103,865,000 after buying an additional 299,950 shares in the last quarter. Redmile Group LLC increased its position in shares of Amicus Therapeutics by 14.8% in the third quarter. Redmile Group LLC now owns 12,751,536 shares of the biopharmaceutical company’s stock valued at $94,361,000 after buying an additional 1,645,090 shares during the last quarter. Jennison Associates LLC increased its position in shares of Amicus Therapeutics by 53.6% in the third quarter. Jennison Associates LLC now owns 7,906,476 shares of the biopharmaceutical company’s stock valued at $58,508,000 after buying an additional 2,759,262 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Amicus Therapeutics by 8.1% in the second quarter. Vanguard Group Inc. now owns 7,033,500 shares of the biopharmaceutical company’s stock valued at $38,404,000 after buying an additional 524,050 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Amicus Therapeutics by 14.7% in the third quarter. BlackRock Fund Advisors now owns 6,634,693 shares of the biopharmaceutical company’s stock valued at $49,097,000 after buying an additional 849,379 shares during the last quarter.
About Amicus Therapeutics
Amicus Therapeutics, Inc is a biopharmaceutical company. The Company is focused on the discovery and development of therapies to treat a range of rare and orphan diseases. Its lead product candidate, migalastat HCl (Galafold), is an orally administered small molecule pharmacological chaperone for the treatment of Fabry disease, which is a type of lysosomal storage disorder (LSD).
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